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Reitmans (Canada) Class A (TSE:RET.A)
:RET.A
Earnings Data
Report Date
Apr 10, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 19, 2024
|% Change Since: -8.37%
|Next Earnings Date:Apr 10, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. While the company showed improvements in gross margin, financial stability, and store expansion, it faced challenges with declining net revenue, comparable sales, EBITDA, and net earnings. The strategic focus on long-term growth and operational improvements indicates potential for future recovery.Company Guidance
During Reitmans Canada Limited's fiscal 2025 third-quarter earnings call, management provided detailed guidance on several metrics. Net revenues were reported at $187.7 million, a decrease of 2.9% from the previous year due to a lower store count and delayed customer purchases caused by warmer-than-normal weather. Comparable sales dipped by 1.9%, largely impacted by reduced e-commerce traffic. Despite this, gross profit remained stable at $107.6 million, with a notable improvement in gross margin by 166 basis points to 57.3%. Adjusted EBITDA for the quarter was $3.8 million, down from $9.5 million the previous year, primarily due to increased selling, general and administrative expenses and a rise in foreign exchange loss. The company ended the quarter with a strong cash position of $123.1 million and zero debt, while capital expenditures for the fiscal year are projected at $31 million, with $20.1 million spent in the first nine months.Improved Gross Margin
The company achieved a 166 basis point improvement in gross margin, increasing from 55.6% to 57.3% year-over-year, due to strong inventory management and reduced promotional activities.
Strong Financial Position
Reitmans ended the quarter with $123.1 million in cash, $141.3 million in inventory, and zero debt, maintaining a completely undrawn $150 million revolving credit facility.
Successful Store Openings
New RW&Co. store opened in Mirabel Premium Outlet, Quebec, and two new PENN stores opened in Avalon Mall, St. John's, and Durham Center, Ajax.
Growth in Menswear and Loyalty Programs
Continued strong growth in menswear for RW&Co. and positive customer and loyalty performance indicators for the company.
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TSE:RET.A Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:RET.A Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 19, 2024 | C$2.51 | C$2.45 | -2.39% |
| Sep 19, 2024 | C$2.42 | C$2.68 | +10.74% |
| Jun 18, 2024 | C$2.45 | C$2.55 | +4.08% |
| Apr 18, 2024 | C$2.46 | C$2.38 | -3.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Reitmans (Canada) Class A (TSE:RET.A) report earnings?
Reitmans (Canada) Class A (TSE:RET.A) is schdueled to report earning on Apr 10, 2025, TBA Not Confirmed.
What is Reitmans (Canada) Class A (TSE:RET.A) earnings time?
Reitmans (Canada) Class A (TSE:RET.A) earnings time is at Apr 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:RET.A EPS forecast?
Currently, no data Available
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